{"id":689003,"date":"2022-09-26T18:06:20","date_gmt":"2022-09-26T22:06:20","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/brundidge-stanger-p-c-announces-patent-infringement-litigation-against-coinbase-global-inc-nasdaq-coin-on-behalf-of-veritaseum-capital-llc\/"},"modified":"2022-09-26T18:06:20","modified_gmt":"2022-09-26T22:06:20","slug":"brundidge-stanger-p-c-announces-patent-infringement-litigation-against-coinbase-global-inc-nasdaq-coin-on-behalf-of-veritaseum-capital-llc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/brundidge-stanger-p-c-announces-patent-infringement-litigation-against-coinbase-global-inc-nasdaq-coin-on-behalf-of-veritaseum-capital-llc\/","title":{"rendered":"BRUNDIDGE &amp; STANGER, P.C. Announces Patent Infringement Litigation against Coinbase Global, Inc. (NASDAQ: COIN) on behalf of Veritaseum Capital, LLC"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\">WILLMINGTON, Del.<\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Sept. 26, 2022<\/span><\/span> \/PRNewswire\/ &#8212; Brundidge &amp; Stanger P.C., a leading nationally recognized Intellectual Property law firm, today announced that it has commenced a patent infringement action against Coinbase Global, Inc. (NASDAQ: COIN) on <span class=\"xn-chron\">September 22, 2022<\/span> for infringement of its client Veritaseum Capital, LLC&#8217;s patents and inventions.\u00a0<\/p>\n<div id=\"divReleaseHighlight2e71\" style=\"border-top: 1px solid;border-bottom: 1px solid;border-color: Gray;color: gray;width: 200px;float: left;margin: 5px 10px 5px 10px;text-align: justify\">BRUNDIDGE &amp; STANGER, Announces <span class=\"xn-money\">$350M<\/span> Patent Suit against Coinbase\u00a0 (COIN) on behalf of Veritaseum Capital.<\/div>\n<p>Details of the lawsuit:<\/p>\n<ul type=\"disc\">\n<li>Veritaseum Capital filed a lawsuit <span class=\"xn-chron\">September 22, 2022<\/span> In the U.S. District Court in <span class=\"xn-location\">Delaware<\/span> valued at hundreds of millions of dollars against Coinbase (NASDAQ: COIN) for Intellectual Property (IP) infringement.\n<\/li>\n<li>From <span class=\"xn-chron\">December 2021<\/span> until now, anytime individuals and\/or commercial entities used Coinbase&#8217;s platform and conducted transactions on the blockchain, they were using Veritaseum Capital&#8217;s technology (not Coinbase&#8217;s).\n<\/li>\n<li>Coinbase has assured its customers and investors (through its IPO prospectus, SEC filings and other means) that it can operate freely and does not have any IP barriers to its operation, calling into question its duty of care.\n<\/li>\n<li>Coinbase as well as others in the newly developing field of Decentralized Finance (DeFi) are using Veritaseum Capital&#8217;s technology.<\/li>\n<\/ul>\n<p>\n        <span class=\"xn-person\">Reginald Middleton<\/span> has invented and patented useful and highly valuable devices, systems and methods for facilitating low trust and zero trust transactions across a distributed ledger network (Blockchain). Mr. Middleton&#8217;s patented invention, which was issued by the U.S. Patent &amp; Trademark Office as U.S. Patent No. 11,196,566 on <span class=\"xn-chron\">December 7, 2021<\/span>, is particularly applicable to the newly developing field of DeFi.\u00a0Mr. Middleton was also awarded a patent for his invention by the Japan Patent Office, namely Japan Patent No. JP6813477, on <span class=\"xn-chron\">January 13, 2021<\/span>.<\/p>\n<p>Mr. Middleton&#8217;s invention is particularly useful to companies such as Coinbase in enabling parties with little trust or no trust in each other to enter into and enforce value transfer agreements, conditioned on input from or participation of a third party, over arbitrary distances, without special technical knowledge of the underlying transfer mechanism.<\/p>\n<p>In 2014, Mr. Middleton, a serial entrepreneur and inventor, founded Veritaseum, the progenitor of decentralized finance technology. According to Mr. Middleton, his creation exploits modern cryptography in the fields of finance, economics and value transfer to assist individuals to gain more control over their financial transactions.<\/p>\n<p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p>Founded in 2009 Brundidge &amp; Stanger, P.C. (<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3659380-1&amp;h=1259973631&amp;u=https%3A%2F%2Fbrundidge-stanger.com%2F&amp;a=https%3A%2F%2Fbrundidge-stanger.com%2F\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/brundidge-stanger.com\/<\/a>) is a boutique law firm, which specializes in handling the legal needs of small, medium and large technology based emerging companies, governmental entities, closely held private companies, private equity funds, venture capital funds, public companies, financial institutions and high net worth individuals.<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NE84453&amp;sd=2022-09-26\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/brundidge--stanger-pc-announces-patent-infringement-litigation-against-coinbase-global-inc-nasdaq-coin-on-behalf-of-veritaseum-capital-llc-301633577.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/brundidge&#8211;stanger-pc-announces-patent-infringement-litigation-against-coinbase-global-inc-nasdaq-coin-on-behalf-of-veritaseum-capital-llc-301633577.html<\/a><\/p>\n<p>SOURCE  BRUNDIDGE &amp; STANGER, P.C.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NE84453&amp;Transmission_Id=202209261800PR_NEWS_USPR_____NE84453&amp;DateId=20220926\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire WILLMINGTON, Del., Sept. 26, 2022 \/PRNewswire\/ &#8212; Brundidge &amp; Stanger P.C., a leading nationally recognized Intellectual Property law firm, today announced that it has commenced a patent infringement action against Coinbase Global, Inc. (NASDAQ: COIN) on September 22, 2022 for infringement of its client Veritaseum Capital, LLC&#8217;s patents and inventions.\u00a0 BRUNDIDGE &amp; STANGER, Announces $350M Patent Suit against Coinbase\u00a0 (COIN) on behalf of Veritaseum Capital. Details of the lawsuit: Veritaseum Capital filed a lawsuit September 22, 2022 In the U.S. District Court in Delaware valued at hundreds of millions of dollars against Coinbase (NASDAQ: COIN) for Intellectual Property (IP) infringement. From December 2021 until now, anytime individuals and\/or commercial entities used Coinbase&#8217;s platform and conducted transactions on the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/brundidge-stanger-p-c-announces-patent-infringement-litigation-against-coinbase-global-inc-nasdaq-coin-on-behalf-of-veritaseum-capital-llc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;BRUNDIDGE &amp; STANGER, P.C. Announces Patent Infringement Litigation against Coinbase Global, Inc. (NASDAQ: COIN) on behalf of Veritaseum Capital, LLC&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-689003","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BRUNDIDGE &amp; STANGER, P.C. Announces Patent Infringement Litigation against Coinbase Global, Inc. (NASDAQ: COIN) on behalf of Veritaseum Capital, LLC - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/brundidge-stanger-p-c-announces-patent-infringement-litigation-against-coinbase-global-inc-nasdaq-coin-on-behalf-of-veritaseum-capital-llc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BRUNDIDGE &amp; STANGER, P.C. Announces Patent Infringement Litigation against Coinbase Global, Inc. (NASDAQ: COIN) on behalf of Veritaseum Capital, LLC - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire WILLMINGTON, Del., Sept. 26, 2022 \/PRNewswire\/ &#8212; Brundidge &amp; Stanger P.C., a leading nationally recognized Intellectual Property law firm, today announced that it has commenced a patent infringement action against Coinbase Global, Inc. (NASDAQ: COIN) on September 22, 2022 for infringement of its client Veritaseum Capital, LLC&#8217;s patents and inventions.\u00a0 BRUNDIDGE &amp; STANGER, Announces $350M Patent Suit against Coinbase\u00a0 (COIN) on behalf of Veritaseum Capital. Details of the lawsuit: Veritaseum Capital filed a lawsuit September 22, 2022 In the U.S. District Court in Delaware valued at hundreds of millions of dollars against Coinbase (NASDAQ: COIN) for Intellectual Property (IP) infringement. From December 2021 until now, anytime individuals and\/or commercial entities used Coinbase&#8217;s platform and conducted transactions on the &hellip; Continue reading &quot;BRUNDIDGE &amp; STANGER, P.C. Announces Patent Infringement Litigation against Coinbase Global, Inc. 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